Heiken Ashi Changes Pre. Day Low Line

[Adam_B_01]

When I use normal candles the PreviousDayHighLow indicator works fine, but when switching to Heiken Ashi (which I use) the PriorDayLow line changes to a random line around the low point but not on it.

[NinjaTrader_Tyler]

Hello Adam_B_01,

Thanks for posting.

Heiken Ashi bars use unique formulas to calculate OHLC values based on mathematical averages. Because of this, the bars will not always show the same highs and lows for a given interval that other bar types do, which will in turn affect the values shown by indicators. I've provided a link below with more information:

https://ninjatrader.com/support/helpGuides/nt8/index.html?bar_types.htm#UnderstandingHeikenAshiBars

Please let me know if I may be of further assistance.

[Adam_B_01]

So it is impossible to see accurate prior day high low lines with this indicator if I use Heiken Ashi? This was never an issue on ToS.

[NinjaTrader_Tyler]

It's possible to have the indicator plot from a hidden secondary data series that displays different OHLC values. To do this, please follow the instructions below:

- Right-click the chart and select Data Series.
- Add in a secondary data series for the same instrument that's already on the chart, setting Type to Minute and Value to 240. Any time-based intraday interval will work, but I suggest using 240 minute here to minimize the performance impact. You can also set 'Days to load' to 1 in this case, since only the prior day is needed.
- Hide this data series by setting its Panel property to 1 and setting the color for Up bars, Down bars, Candle wick, and Candle body outline all to Transparent.
- Open the Indicators menu, and set the Indicator's Input Series to this secondary data series.

The links below contain more information about working with price data and indicators:

https://ninjatrader.com/support/helpGuides/nt8/working_with_price_data.htm

https://ninjatrader.com/support/helpGuides/nt8/working_with_indicators.htm

Please let me know if I may be of further assistance.

[Adam_B_01]

Tyler,

Wow. That actually ending up working perfectly. Thank you so much!